Tom Dundon is buying the NBA’s Portland Trail Blazers, he told CNBC in an interview. The Dallas businessman is chairman and founder of Dundon Capital Partners. He ― along with a group of investors ― will reportedly buy the team at a valuation of around $4 billion.

Texas businessman Tom Dundon is leading the group that has struck a deal to purchase the Portland Trail Blazers. Dundon, 53, is chairman and managing partner of Dundon Capital Partners, a Dallas firm that invests in a broad range of areas, from real estate to health care and technology.